MIRA INFORM REPORT

 

 

Report Date :           

29.02.2012

 

IDENTIFICATION DETAILS

 

Name :

LAGOS GMBH & CO. KG

 

 

Registered Office :

Freischützstr. 108, D 81927 München

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

17.10.2005

 

 

Com. Reg. No.:

HRA 86803

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Other retail sale n.e.c. (not in stores)

 

 

No. of Employees :

12

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

59,500 EUR

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

Lagos GmbH & Co. KG

 

 

Company Address

 

Freischützstr. 108

D 81927 München

Telephone:        089/9441993-0

Telefax:             089/9441993-19

Homepage:        www.lagos-natursteine.de

E-mail:                          info@lagos-natursteine.de

 

 

VAT no.

 

DE246252221

 

 

CONCLUSION

 

Business relations are permissible.

 

 

SYNTHESIS

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:         17.10.2005

Registered on:               17.10.2005

Register of

companies:                   Local court 80797 München

under:                                       HRA 86803

Total cap. Contribution    EUR             10,000.00

 

 

Limited partner

 

Michael Kamm

Mosbacher Str. 26

D 65187 Wiesbaden

born: 22.06.1975

Share:             EUR             10,000.00

General partner

 

Lagos Natursteine GmbH

Im Fuchsloch 1

D 60437 Frankfurt

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 20.05.2008

Reg. data: 60313 Frankfurt, HRB 83082

 

 

Shareholder

 

Jens Hermann Robert Mattern

Bergweg 28

D 83123 Amerang

born: 20.05.1959

Share:             EUR             25,000.00

 

 

Manager

 

Jens Hermann Robert Mattern

Bergweg 28

D 83123 Amerang

having sole power of representation

born: 20.05.1959

Marital status: single

 

Manager:

Michael Kamm

Mosbacher Str. 26

D 65187 Wiesbaden

having sole power of representation

born: 22.06.1975

 

 

COMPANY HISTORY

 

 17.10.2005 - 22.08.2008  Lagos Ltd. & Co. KG

                          Freischützstr. 108

                          D 81927 München

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

 Sectors

 47999   Other retail sale n.e.c. (not in stores)

 

 

BRANCHES AND FACTORIES

 

Works:

Lagos GmbH & Co. KG

Im Steierfeld 6

D 36151 Burghaun

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            59,500 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Freischützstr. 108

                                    D 81927 München

 

 Real Estate of:              Lagos Natursteine GmbH

 Type of ownership:        Tenant

 Address                       Im Fuchsloch 1

                                    D 60437 Frankfurt

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, MÜNCHEN

Sort. code: 70080000, Account no.: 95593000, BIC: DRESDEFF700

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR          2,500,000.00

                      2011               EUR          3,500,000.00

 Profit:              2010               EUR              7,916.00

 further business figures:

 Equipment:                              EUR            204,000.00

 Ac/ts receivable:                       EUR            353,658.00

 Liabillities:                           EUR            717,987.00

 Employees:                                                     12

 

 The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 27.05

 Liquidity ratio:                   0.67

 Return on total capital [%]:       1.08

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                  2.19

 Liquidity ratio:                   0.45

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 22.44

 Liquidity ratio:                   0.54

 Return on total capital [%]:      -7.72

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                  4.04

 

Equity ratio

The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.

 

Liquidity ratio

The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.

 

Return on total capital

The return on total capital shows the efficiency and return on the total capital employed in the company. The higher the return on total capital, the more economically does the company work with the invested capital.

 

Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR            733,540.97

  Fixed assets                           EUR             38,122.44

   Tangible assets                       EUR             38,122.44

    Other / unspecified tangible assets  EUR             38,122.44

  Current assets                         EUR            695,025.59

   Stocks                                EUR            341,367.65

   Accounts receivable                   EUR            353,657.94

    Other debtors and assets             EUR            353,657.94

  Remaining other assets                 EUR                392.94

   Accruals (assets)                     EUR                392.94

 

 LIABILITIES                             EUR            733,540.97

  Shareholders' equity                   EUR              4,953.64

   Capital                               EUR              4,953.64

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR              4,953.64

     Limited partner's  capital, fixed

     capital, capital account I          EUR              2,000.00

     Variable capital / variable accountsEUR              2,953.64

  Provisions                             EUR             10,600.00

  Liabilities                            EUR            717,987.33

   Other liabilities                     EUR            717,987.33

    Unspecified other liabilities        EUR            717,987.33

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            600,024.06

  Fixed assets                           EUR             46,249.13

   Tangible assets                       EUR             46,249.13

    Other / unspecified tangible assets  EUR             46,249.13

  Current assets                         EUR            553,603.93

   Stocks                                EUR            293,781.00

   Accounts receivable                   EUR            259,822.93

    Other debtors and assets             EUR            259,822.93

  Remaining other assets                 EUR                171.00

   Accruals (assets)                     EUR                171.00

 

 LIABILITIES                             EUR            600,024.06

  Shareholders' equity                   EUR             13,134.87

   Capital                               EUR             13,134.87

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             13,134.87

     Limited partner's  capital, fixed

     capital, capital account I          EUR              2,000.00

     Variable capital / variable accountsEUR             11,134.87

  Provisions                             EUR              4,800.00

  Liabilities                            EUR            582,089.19

   Other liabilities                     EUR            582,089.19

    Unspecified other liabilities        EUR            582,089.19

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.77.86

Euro

1

Rs.66.06

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.